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HomeMy WebLinkAbout1981 Industrial Foundation Minutes, Bylaws, etc.BY -LAWS OF THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION ARTICLE I (Offices) The principal offices of the corporation shall be in the City of College Station, County of Brazos, State of Texas. ARTICLE II (Members) Section 1. (Qualifications and Basis of Voting) Any person, firm, partnership, corporation or association of persons may become a regular member upon the contribution of any amount to the corporation. Members contri- buting less than 100.00 shall_ be non - voti members. Members contributing 1,00.00 or more shall be voting members, and shall be allowed one vote in the affiars of the corporation. Each member shall receive from the corporation a membership certificate, showing the class of member, whether voting or non - voting, and the amount of his contribution, which certificate shall be transferable upon written assignment by the member and notification to, and transfer on the books of, the corporation. Upon demand of any member the vote on any question before any meeting of the membership shall be by ballot. Section 2. (Annual Meeting) The first annual meeting of the membership of the corporation Ml1 heT_d at the time and place designated by the Board of Directors. Thereafter, the annual meeting of the membership of the corpor- ation shall be held at the office of the corporation, or at such other place as may be designated by the Board of Directors in College Station, State of Texas, at 7:00 P.M., on the 3rd Wednesday in October in each a ever year, if not a e�T ga f 5o iaay, and f a—Fe o i day, then on tNb next day not a legal holiday, for the purpose of electing directors of and transacting such other business as may come before the meeting. The secretary shall cause written notice of the time and place of holding each annual meeting to be mailed, at least ten days prior to such meeting, to each member of record entitled to vote at the time of taking the list of members of such meeting, at such meeting, at such address as appears on the - records of the corporation. Section 3. (Special Meetings) Special meetings of the membership for any purpose, or purposes, other than those regulated by statute, may be called by the president, and shall be c allesL by the president o r secretary at the request in writing of a majority of the Board of Directors, or at the request in writing by a majority of interest of the members. Such request shall state the purpose or purposes of the proposed meeting. The secretary shall cause written notice o holding each special meeting,indicating briefly to be mailed at least five (5) days before such entitled to vote at the time of taking the list at'such address as appears on the records of the f the time and place of the object or objects thereof, Meeting to each member of record of members for such meeting, corporation. 40 Section 4. (Quorum) At any meeting of the membership for which due notice has been given a majority in interest (as determined by the amount of their respective contributions to the capital of the corporation) of the members, present in person or represented by proxy, shall constitute a quorum of the membership for all purposes unless the representation of a larger number shall be required by law, by the charter or by these by -laws, and in such case the representation of the number so required shall constitute a quorum. If a majority in interest of the members shall fail to attend, in person or by proxy, at the time and place of meeting, the chairman of the meeting, or majority in interest of the members present in person or by proxy, may adjourn the meeting from time to time.without notice _other than by announcement at the meeting, until the number of members requisit to constitute a quorum shall attend. At any such ajourned meeting, at which a quorum shall be present, any business may be transacted which might have been transacted at the meeting as originally notified. Section 5. (Organization) The president shall call meetings of the members to order and shall act as chairman of such meetings. The Board of Directors or the members may appoint any member to act as chairman of any meeting in the absence of the president and vi president. The secretary of the corporation shall act as secretary at all meetings of the mem ers, ut, in tea sense o t e secretary, the presiding officer may appoint any person to act as secretary of the meeting. Section 6. (Proxies) At each meeting of the members every member shall be entitled to vote in person or by proxy appointed by an instrument in writing, subscribed by such member or by his duly authorized attorney. ARTICLE III (Board of Directors) Section 1. (Number and Term of Office) The business and property of the corporation shall be managed and controlled by a board of fifteen dire ctors. The members of the Board of Directors shall each be mem ers of this Corporation and shall be elected by ballot by plurality vote of the voting members:at the annual meeting of the membership. Any vacancies on the Board caused by conflict with this provision and the Articles of Incorporation, which vacancies are not filled at the first annual meeting of the membership of the corporation, may be filled at a special meeting of the members called for such purpose. Directors shall be elected for three ye ov erlap ping terms and until the ir succ essors sha 1 be a ected and sha qualify, and their term shall be for three'years from the annual meeting electing them. At the time of the first meeting of the Board of Directors following incorporation, the fifteen directors elected prior to incorporation shall draw lots to determine which three of them shall serve for three (3) years, which three of them shall serve for two (2) years, and which three of them shall serve for one (1) year.- There- after at each annual meeting three new directors shall be elected to replace those whose terms have expired. -2- Section 2. (Vacancies) In case of any vacancy in the Board of Directors through death, resignation, disqualification or other cause the remaining directors by an affirmative vote of a majority thereof, may elect a successor to hold office until the next annual meeting, and until his successor shall have been elected and qualified. At the next annual meeting, a director shall be elected by the unexpired portion of the term of the director whose seat originally became vacant. Section 3. (Place of Meeting) Regular meetings of the Board of Directors shall be hel at the City Hall in College St Texas, unless otherwise determined by resolutin -- of - the Board of Directors of the membership. A meeting of the Board of Directors for the election of officers and the transaction of such other business as may come before the meeting may be held following the annual meeting of the membership at a time and place to be fixed by resolution, adopted at the annual meeting of the membership, and no notice thereof shall be required to be given to the newly elected directors. Section 4. (Special Meetings) Special meetings of the Board of Directors shall be held whenever called by direction of the president, or by one -third of the directors for the time being in office. Section 5. (Notice of Meetings) The secretary shall cause notice of the time and place of holding each meeting of the Board of Directors to be given to each director. Such notice may be in writing, in person, or by telephone. ® Section 6. (Quorum) A majority of the Board of Directors shall constitute a quorum for the transaction of business. Section 7. (Order of Business) At meetings of the Board of Directors business shall be transacted in such order as the board may determine by resolution. At all meetings of the Board of Directors, the president, or in his absence the vice - president, or in the absence of both of these officers, a member of the board selected by the members present, shall preside. The secretary of the corporation shall sit as secretary at all meetings of the board, and in case of his absence the chairman of the meeting may designate any person to act as secretary. Section 8. (Contracts) Inasmuch as the directors of this corporation are likely to be connected with other corporations with which this corporation may have business dealings, no contract or other transaction between this corporation and any other corporation shall be executed unless the majority of the Board present and ratifying by an affirmative vote such contract are persons with no interest in such other corporation. The Board of Directors, in its discretion, may submit any contract or act for apporval or ratification at any annual meeting of the membership, or at any meeting of the membership called for the purpose of considering any such act or contract; and any contract or act that shall be approved or ratified by a majority of the members of the corporation represented in person or by proxy, at such meeting (provided that a lawful quorum of members be there -3- represented in person or by proxy), shall be as valid and as binding upon the corporation and upon all the members as though 'it has been approved and ratified by all the members as though it has been approved and ratified by all the members of the corporation. Section 9. (Additional Powers) In addition to the powers and authorities by these by -laws expressly conferred upon them, the Board of Directors may exercise all such powers of the corporation and do all lawful acts and things as are not by statute or by the charter or by these by -laws directed or required to be exercised or done by,the members. Without prejudice to such. general powers and other powers conferred by statute, by the charter and by these by -laws, it is hereby expressly declared the Board of Directors shall have the following powers, that is to say: (1) To purchase, or otherwise acquire for the corporation, any property, rights, or privileges which the corporation is authorized to acquire, at such price or consideration and generally on such terms and conditions as they think fit; and at their discretion to pay therefore either wholly or partly in money, stock, bonds, debentures, or other securities of the corporation. (2) To create, make and issue notes, mortgages, bonds, deeds of' truss., trust agreements and negotiable or transferable instruments and securities, secured by mortgage or deed of trust on any real property of the corporation or otherwise, and to do every other act of thing necessary to effect the same. (3) To sell or lease the real or personal property of the corporation on such terms as the board may see fit and to execute all deeds, leases and other conveyances or contracts that may be necessary for carrying out the purposes of this corporation. (4) To delegate any of the powers of the board in the course of the current business of the corporation to any standing or special committees or to any officer or agent, and to appoint any persons and agents of the corporation with such powers (including the power to subdelegate) and upon such terms as they think fit. Section 10. (Compensation of Directors and Officers) Directors and officers, as such, may receive a salary or other compensation for their services upon resolution of the Board duly passed. Expenses incurred in the handling of the corporation's business may be reimbursed upon like resolution. ARTICLE IV (Executive Committee and Finance Committee) 4. 1 Section 1. The Board of Directors Shall elect from the d irectors . an Exec Committee, and a Finance Committee, and shall esignate a chairman o h committee to se yr e wring the_pl_easure of the Board of Directors. The Board of Directors shall fill vacancies in the Executive Committee or the Finance Committee by election from the directors and at all times it shall be the duty of the Board of Directors to keep the membership of each of such committees full. -4- C All action by the Executive or by the Finance Committee shall be reported to the Board of Directors at its meeting next succeeding such action, and shall be subject to revision or alteration by the Board of Directors; provided that no acts or rights of third parties shall be affected by such revision or alteration. Section 2. The exec utive Committee shall consist of thr em hPrs During the intervals between the meetings of th oard of Directors, the Executive Committee shall possess and may exercise all the powers of the Board of'Directors in the management and direction of all the business and affairs of the company (except the matters hereinafter assigned to the Finance Committee) in such manner as the Executive Committee shall deem best for the interests of the corporation in all cases in which specific directions shall not have been given by the Board of Directors. Section 3. The Finance Committee shall consist of four (4) members. The Finance Committee shall have spec�a and gen eraT charge and control of all financial affairs of the corporation and such other matters as may be assigned to it from time to time by the Board of Directors. The secretary and the accounts for the corporation shall be under the direct control and supervision of the Finance Committee. During the intervals between the meetings of the Board of Directors, the ® Finance Committee shall possess and may exercise all the powers of the Board of Directors in the management of the financial affairs of the corporation and such other matters as may be assigned to it from time to time by the Board of Directors in such manner as said committee,shall deem to be best for the interests of the corporation, in all cases in which specific direction shall not have been given by the Board of Directors. ARTICLE V (Officers) Section 1. (Executive Officers) The executive officers of the corporation shall be a president, a vi - preside a s ecretary and a t reasure r, all of whom shall b ~ e elected by and subject to the control of the Board of Directors. 'The Board of Directors, immediately after each ann ual m eeting of the membership shall elect by a ballot a president, one vice - president, a secretary and a treasurer. The Board of Directors may appoint such other officers as they may deem necessary, who shall have such authority, and shall perform such duties as from time to time may be prescribed by the Board of Directors. Section 2. (Powers and Duties of the President) a. The president shall preside at all meetings of the directors. b. The president, secretary, and treasurer shall be authorized to sign contracts and instruments necessary to carry out the ordinary daily business of the corporation. Signatures o f any the three shall be required for such ac _- c V 'f�i - e president and the secretary shall sign all mortgages, deeds, notes, evidences of obligation or indebtedness, bonds, and any instruments conveying or affecting title to or an interest in real estate, or creating any obligation exceeding $1000.00. Any acts provided for in this subparagraph may be taken -5- ® only upon authorization by the Board of Directors by resolution, the members of the corporation may ratify any actions taken in violation d this subparagraph. Section 3. (Vice- President) The vice - president shall have such powers and perform such duties as may be delegated to him by the Board of Directors. In the absence or disability of the president may perform the duties and exercise the powers of the president. Section 4. (Power and Duties of the Secretary) The secretary shall keep the minutes of all meetings of the Board of Directors, and the minutes of all meetings of the membership, and also (unless otherwise directed) the minutes of all meetings of the committees in books provided for that purpose; he shall attend to the giving, and service of all notices, he may sign with the president, or a vice - president, in the name of the corporation, all contracts and instruments of conveyance authorized by the Board of Directors, or by the Executive Committee, and when so ordered by the Board of Directors, or by the Executive Committee, he shall affix the seal of the corporation thereto; he shall have charge of the certificate books, transfer books and membership ledgers, and such other books and papers as the Board of Directors or the Executive Committee may direct, all of which shall, at all reasonable times, be opened to the examination of any director, upon applicationat the office of the corporation during business hours; and he shall in general perform all the duties incident to the office of secretary, subject to the control of the ® Board of Directors and Executive and Finance Committees as may be requested by them. Section 5. (Treasurer) The treasurer shall 'have custody of all funds and securites of the corporation which may come into his hands; when necessary or proper he shall endorse on behalf of the corporation for collection, checks, notes and other obligations and shall deposit the same to the credit of the corporation in such bank or depository as the Board of Directors or the Executive Committee may designate.Whenever required by the Board of Directors or by the Finance Committee he shall render a statement of his cash account; he shall enter regularly in the books of the corporation, to be kept by him for that purpose, a full and accurate account of the corporation; he shall at all reasonable times exhibit his books and accounts to any director of the corporation upon application at the office of the corporation during business hours; he shall perform all acts incident to the position of treasurer, subject to the control of the Board of Directors, and of the Finance Committee., He shall give a bond for the faithful discharge of his duties in such sum as the Board of Directors of the Executive Committee may require. The expense ob obtaining such bond shall be reimbursed by the corporation. ARTICLE VI (Membership Certificates) Section 1. (Certificates of Membership) The certificates of membership in'the corporation shall be in such form, not inconsistent with the charter, J as shall be prepared or be approved by the Board of Directors. The certificates shall be signed by the president or a vice - president, and also by the secretary - treasurer. All certificates shall be consecutively numbered, The name of the person owning the certificates, the amount of his contribution to the capital of the corporation, and the date of issue, shall be entered on the corporation's books. No certificate shall be valid unless it is signed by the president or a vice - president, and by the secretary- treasurer. All certificates surrendered to the corporation shall be cancelled, and no new certificate shall be issued until the former certificate shall have been surrendered and cancelled except in case of a lost certificate. The corporation may treat the holder of record of a certificate of member- ship in the corporation as the holder in fact thereof, and shall not be bound to recognize any equitable or other claim to or interest in any such certificate on the part of any other person whether or not it shall have express or other notice thereof, save and as expressly provided by the laws of Texas. Section 2. (Lost Certificate) Any persons claiming a certificate of ® membership to be lost shall make an affidavit or affirmation of the fact and submit such other proof and guarantees as may be required by the Board of Directors. The Board of Directors, when satisfied that such certificate has been lost and that the steps necessary for the certificate in lieu of the certificate so lost, and shall show on the membership records of the corporation on the fact of such loss and issuance of the new certificate. Section 3. In order to maintain the corporation as a strictly nonprofit civic organization, and to further the purpose set forth in the charter, no certificate of membership shall be transferred to any person other than the heirs, legatees, or legal representatives of an individual member or the successor of a firm or corporate member without the approval in writing of the of Directors. At the time that the application is made for the transfer of any certificate, the corporation shall have privilege of ' "purchasing such certificate for the amount of the contribution to the capital of the corporation shown on the face thereof. The certificates of membership in the corporation shall be transferable on the conditions above stated by the holder thereof in person, or by his duly authorized attorney, upon surrender and cancellation of such certificate properly endorsed. Section 4. (Dividends) No dividend shall ever be declared or paid from the profits of the corporation, but any and all profits accruing or earned shall be placed in a surplus fund to be used in the furtherance of the purposes and objectives of the corporation. ARTICLE VII (Corporation Seal) No corporate seal shall be required. -7- . t'f ARTICLE VIII (Fiscal Year) The fiscal year of the corporation shall begin on the first day of July and terminate on the 30th day of June in each year. ARTICLE IX (Miscellaneous) Section 1. (Annual Statement) The Board of Directors shall submit to the members, at their annual meetings, a statement of the physical and financial condition of the corporation covering the previous fiscal year, and a consolidated balance sheet showing the assets and liabilities of the corporation at the end of the preceding fiscal year. Section 2. (Notices and Waivers Thereof) Whenever under the provisions of these by -laws notice is required to be given to any member, director or officer, unless otherwise provided such notice may be given personally, or it may be given in writing by depositing the same in the post office or letter box in a post paid envelope or postal card,addressed to such member, director or officer, at such address as appears on the books of the corporation, or, in default of other address, to such member, director or officer at the ® general post office in the City of College Station, and such notice shall be deemed to be given at the time when the same shall be thus mailed. Whenever any notice whatever is required to be given by law, or by these by -laws, a waiver thereof in writing signed by the person or persons entitled to said notice, whether before or after the time stated therein, shall be deemed equivalent thereto. Section 3. (Negotiable Instruments) All checks, drafts, notes or other obligations of the corporation shall be signed by such of the officers of the corporation or by such person or persons as may be thereunto authorized by the Board of Directors of the Executive Committee. ARTICLE X (Amendments) The Board of Directors, by the affirmative vote of a majority of the Board, may alter, amend, or repeal the by -laws or adopt new by -laws at any regular meeting, or any special meeting provided that notice be given not less then three (3) days prior to such meeting and that such notice contain a copy of the proposed amendment or amendments. ARTICLE XI (Dissolution of Corporation) ® It shall not be the purpose of this corporation to engage in carrying on propaganda or otherwise attempting to influence legislation; and any earning, • sums or property which are greater than the invested capital shall not be returned to the shareholders at any time. Upon the dissolution of the cor- poration, or at such earlier time as may be deemed proper by the Board of Directors, such earnings, sums or property shall be distributed to such charitable or nonprofit organizations as the Board of Directors may deem proper. M 2 '.«�.< - +,a I:: .. ;4 •wi sa.., r ",.t ��� <. t,:itc suF. �j<b.::1+ `:t�S.t." . yap +.w_l.Y•.tw43 t. ��.r•1�S''!�iiii�.``' a ��i�x:Mit'1�.�'► EARNEST INONEY CONTRACT TPAfS 15 LEGALLY BINDING CONTRACT, IF Lew o1'fw.1 vkl,e,rl rwpot NOT UNDERSTOOD, SEEK COMPETENT ADVICE. W sr. - ke, "-k ra or rtLa..i a`w. SELLER_ KENNET M ORRIS, T Hereby tells antl gyre es to convey In accordance with the terms contract to PURCHASER ROBERT F. SPEARM T RUST EE , and /or assigns. Who agrees to purchase upon the term • � Pv y � S I � trL�'i"� }I � The following described property consisting of /_ acres more or less, located In Brazos County, State of Texas r The 1,266 acres, more or less, to be surveyed from the 3,836.811 acre parcel of land lying in the S.D. SMITH SURVEY, Abstract 210, S.W. ROBERTSON SURVEY, Abstract 202, and NATHAN CLAMPITT SURVEY, Abstract 90, Brazos County, Texas. This tract being approximately 2,299.335 acres as of 4- 10 -81. Said tract is to be conveyed from Rock Prairie Road to the survey line as established by SPENCER- BUCHANAN & ASSOCIATES on the Contract being KENNETH MORRIS, TRUSTEE, to ROBERT F. SPEARMAN, TRUSTEE, and /or assigns, dated April 27, 1981. See Exhibit "A" attached hereto and made a part hereof for all purposes, signed and witnessed by both parties to define the proximity of the tract to be surveyed. Including the following Mineral Rights, or reservations, and sublect to the following Oil and Gas; Hunting, Grazing, or other loosest T The present owners will retain all minerals and royalty rights to said property. Seller agrees to negotiate in favor of Purchaser, drilling clause provisions acceptable to same, locating anu establishing all future drilling sites on said property. Seller shall also negotiate location of gas lines with reference Water Rights and Crops to be a part of this sale: to oil and gas interests. Sai d minerals and royalties pertain to oil and gas interests only. Any and all. Machinery, and other personal property to be conveyed by a Bill of Sate, that Is Included In this transaction. None. surveyed acre PRICE The total Sales Price is s.,2 .00 p ee payable as follows: The approximate sales price is ONE MILLION FIVE HUNDRED EIGHTY -TWO THOUSAND FIVE HUNDRED DOLLARS ($1,582,500.00) with TWO HUNDRED EIGHTY -FOUR THOUSAND EIGHT HUNDRED FIFTY DOLLARS ($284,850.00) payable in cash at closing, of which the earnest money hereof is a part. The balance of ONE MILLION TWO HUNDRED NINETY -SEVEN THOUSAND SIX HUNDRED FIFTY DOLLARS ($1,297,650.00) shall be fi- nanced by Seller with Notes and Deeds of Trust duly executed. Said Note shall be amortized over a twenty (20) year period, with a seven (7) year balloon on annual installments, bearing interest at the rate of twelve percent (12 %) per annum. The Note shall include full prepayment privileges, at any time, without penalty. All documents shall include provisions for release clauses in ten (10) acre minimums, upon the payment of ONE THOUSAND THREE HUNDRED SEVENTY -FIVE DOLLARS ($1,375.00) per acre. Said tracts being released must be contiguous to each other and all other properties must have access at all times. All releases are to be negotiated formally in writing and must be agreeable to both Seller and Purchaser. S[IR VFY The herein described property p(x shall [ I shall not be surveyed prior to closing at the expense of YyYY t`�J Seller ( j Purchaser. TFRN[S The note or notes herein described shall be secured by an express vendor's lien retained In deed to Purchaser herein and also by a Dead of Trust from Purchaser to Mortgagee, with power of sale on default, and other usual provisions to be executed by Purchaser, and to be made in favor of the Trustee as designated by Mortgagee on or before the Closing of this purchase. Seller Is to furnish a general warranty deed and tax statement showing no delinquent taxes. Rents, Interest, ad valorem taxes for the current year and escrow accounts for taxes shall be pro -rated as of the closing date. If the closing shall occur before the tax rate Is fixed for the then current year, the apportlonment of taxes shall be upon the basis of the tax rate for the next preceding year applied to the latest assessed valuation. Seller further agrees to pay any pre - payment penalty Involved herein. At the opti —i of the Purchaser. Insurance may be pro- rated to the date of Closing. Purchasrl is to pay all expenses In connection with any new loan, Including Mortgagee's Title Policy, preparation of legal papers, recording fees, and origination fee. If Purchaser Is to assume an existing loan, any transfer fee charged for the transfer thereof shall be paid by Purchaser. DFrA[ ;I.T OF V 11[ PIES In the event the Purchaser shall fall to comply with the terms of this contract, for any reason, except title defects, the Seller may, and at the option of the Broker shall, retain the earnest money as liquidated damag•:s, one -half to be retained by Seller, and one -half (but not exceeding Broker's lee herein), to be paid to Broker, or may enforce specific performance hereof, or seek such other yeller as may be provided by law. If title Is found ob)ectionable and Is not cleared within a reasonable time, or upon failure of Seller to comply herewith for any other reason, Purchaser may demand back the earnest money, thereby releasing Seller from this contract, or Purchaser may enforce sn —IfIc performance hereof, or seek such other relief as may be Provld• ad by law, TITLE Seller agrees to convep t . `e . I n� -d and Ketable title 10 the above described real estate by; nx) Insuranc Own ^rs D0 of lit r inse., an d Containing Conten la exceptions otner than the stantlsrd printed exceptions. Upon reouest of purchaser, agrees to obtain s COmmi tit' Ins title policy Contai ten days from data, and the title as shown, purchaser agrees ,within five days of receipt of commitment, either (p U f f or or return It with obje t e r In writing, chaser to return with objections, shall be construed as acC- eplan c the title t presented. The COs( O/ t;(I• ppllCy t0 DO paid b ( ) Abs tract of y b�Xl 'e ( ) Purchaser. Title, n by reliable abstract Compan chafer. The Colt of abstract to be pnocl by - y, will, the title brought down to date, in ( I :.alias I ) Porthelp,, the tuft of allOrne he e+tarnlned by an Attorney choHn by PU Title li l0 be free and clear of all nncumb y's opinion to be e Owns taxe ha I no( be deemed to he IIUe defeet the even t t y thn f tl ' l i ie Is found to b e elective, Seller shall h Paid DY ( ) Seller ppannt easements, restrlctiva ( ) Purchas fi�:�crL_ � covenants, zoMnq laws and delln- deyl In n,o�t an•I , i , . tt1e defocts_ a real onabl„ tlme, which shall not exceed Closing of this transaction shall be on or befo Contract by all parties. s da from the dat o acc eptance of this Possession of th Property shall be even on the Jay --_ pf C 1 OS 1 nq '_ -- `- * ** SPECIAL PROVISIONS * ** 1. ROBERT F. SPEARMAN has the right to assign this Contract to any person for an at any time prior to closing. .Y purposes Z• The terms and conditions of this Earnest Money Contract shall i effect f(la rs remain n full force and forty -eight (48) hou Seller; if Purchaser does not execute this Contract within said forty-eight following the execution of the Contract b this Contract shell expire and become null anri void, y - (4II) hour period, r I. ILI i P SERVICE FF.F, S y service agrees to pay to the 9roker herein, at Br azos t `�i f+f — 6 professional rvlce fee based on the gross sale pr!cn of herein de _ scrid property and thereupon authorizes th COUnIy, 7y e estrovv agent to pay same out of Me Proceeds of this Sala, In the event any of the Purchasers refuse t0 be p Clos _ r efuse 1 --- c lose the a authorizes any escrow agent to disburse this transaction shall be deemed to be finally terminated. Bald funds to 9roker(s) and Seller in accoroanc• with the terms o/ this contract. And In fuel, event 6vont Purchaser agrees to hold such estrous agent harm loss from all manner Of s of l clalmsr and releases said escrow agent e any reason except title defects, 9 from all liability of any nature, and have the o LOSS Prior to a consummation of this sale, risk of loss by V' nr Other casualty shall De on Seller, and In event of major loss, Purchaser shall i e exerclsed within five days after notice of loss) of canceln„g this Contract and receiving back the earnest money, or closin Contract, and receiving from the Seiler an assignment of the Insurance proceeds, option (to b 9 the sale according to this SPECIAL NOTICES Notice to Purchaser Is hereby given under Section28X of the the Purchaser herein should have an abstract of this property examined by an attorney of his Own choosing, or that he should be furnished with or obtain Real Estate License Act, Revised Civil Statutes State of Texas, that legally banding contract; If not understood, seek competent advice, contains the complete agreement between the castles hereto, and cannot be varied or terminated hereto acknowletlges the receipt of a completed copy of thi except by the written agreement Of all the parties, Each art 9 s contract. This contract shall not be binding until both Seller and Pu7t:hiafeo t have execut d same. Time Is Of the essence regarding this contract. P d Instruments to Close this transaction. Seller and Purchaser appoint the attorneys noted below to Prepare or examine the necefurY legal EXECUTED in 3 original copies, this the day of torney for Purchaser -- -- —'— Attorney !or Seller Receipt Of S 10'000 , 00 earnest mon ey. xR)¢V (Check) -_ 1 1 hereby acknowledged as GREE & BROWNE REALTY ESCROW ACCOUNT Escrow Agent _R. E. U. , INC. dba GREEN & BROW REAL l ,' broker Broker JEFFREY L. MCDOWELL DATE: M� 19 81 TIME: KEN!i� MORRIS, T�T E — Sell � Z Address Phone Purchaser ROBERT F. SPEARMAN, TRUSTEE Purchaser -- Address Phone Texas Standard Forms, 600 W. Evergreen 78212 © Real Estate taw Institute 1975 Form No. 24 :t' -j J � y ` � '� '� • �`- �t�•.•�.s~'..( rites / �-, • ��y t f .I .4� t t� �j�• C ~� /• w s� �, •��� / -�P .r•. ''�.•; -• �'ry 47 ,'.. .- { l ... ;j .% , ice .'..�.�^�• { �.�� ,�� ' •. •', `� �^' ' L -r ' "•.• .;- • �\ � - � , = J,.... },� - ;'t:i3 '. - j![ Vii :1; - ^;'_J : .• : >•' 's'_�1. � •� /. � ,, _ __ � - a1v �•�. - / /...� ~. n om, �.,� .� •,. �:: ;.: `.;� _;t .� � I ''� \ t ':. '�1'- ..y�:.';r••"•' �� ice.. C am;\ • \ if '� /� __� ��. • �`_ r / y • �7 ^ r,r •\��� �� _;�.�• :.1 . � \ `• �� •�� +,� �;`• !, ''ti'� � \•' _ �'' \;' � .;.� �• .t� � ''•'�� : • ..••�) J ' `1 •; !ice � � ��� r � s • �'r •�. :�.•3 ! /) / s -� \ � /�' ,. «ter••• n . 2) �' �•. r 1T ►.,,_ "�, " I• =;I l •�' //c7� 1 l am • = 1�.� ^ : ':•':�;: 1 ! 4 J �•• j (� ;� 0 1 0� =w• R l� `5• ..• - :J':�`- .t :��' '. 1• •` •; ar t rl. . r . rqz +a ` • .Q�i • G .� • ' ',:. � 1 (` ` r '. / �J .1�' l �w, . ,�.w P /., �. 1/1 ' ,eye r. .� •� .. •. t . w.�..j \ �•( r Jy ', Sn I �• / jo vie •. *; 1255 acres more or less • • \. SELLER =� BUYER '� : �. l ti- .enne ` Mo ri s Truste� �� ~ f R. F. S man and /or assigns Witness r � '• ' s , / a e ate •- �!•/�� •`. (S _ -'. Y - :. ��� - :r - .�� y � :•�:. f; =� - '•'� _ (! , CC • � J +. Bryan - College Station is ideally positioned to serve your needs as a location for your industrial and business activities. You are, therefore, invited to review the information in this brochure. Bryan - College Station is located within easy driving distance of three of the nation's largest and fastest - growing metropolitan markets — Houston, Dallas - Fort Worth, and San Antonio — as well as the state capitol in Austin and the Texas Gulf Coast. Bryan - College Station itself is the sixth fastest - growing SMSA in the nation with a current popula- tion of over 100, 000. Over three thousand acres of industrial sites are available in four planned industrial parks that are described in this brochure. Sites are available for a variety of industries — manufacturing, warehous- ing, high - technology, and research laboratories. Each park has a slightly different focus, but sites are available to satisfy all industrial needs. Bryan - College Station is also a good commun- ity in which to live and work. There is good variety of retail and service establishments. The quality of schools and medical facilities isexcellent. Resident housing is plentiful. A major cultural attraction in the community is Texas A &M University that pro- vides not only a wide range of educational pro- grams but many sports and entertainment events as well. Texas A &M, as one of the leading research uni- versities in the nation can also be a major asset for the industrial firm located in the community in areas of product research and employee develop- ment. The University has extensive computer facili- ties, research labs, and technical personnel to respond to the needs of industry. Take a look at Bryan - College Station. It could be the location for your firm. v� CHA AIM COM E DRYAN /COLLEGE STATION, TX Pat Mann EXECUTIVE VICE PRESIDENT 401 S. Washington / Box 726 / Bryan, TX 77806 (409) 779 -2278 L ' o- \J 1 to I lJ rJ SIZE 610 acres LOCATION FM 2818 and Mumford Road LL (1 miles of road frontage) UTILITIES Electricity, Gas, Sewer, Water RAIL Six day service by Southern Pacific Railroad, Including terminal facilities for small rail users The Bryan Development Foundation is a nonprofit corporation funded by the City of Bryan and charged with enhancing the total economic development of the Bryan area. In this regard, the City of Bryan purchased the 610 acre tract of land now known as the Bryan Industrial Park. A Master Plan has been developed which will provide for the highest and best use of the area. Among the amenities will be concrete streets and boulevards, adequate utilities for almost all types of business and industry, sites suitable for campus type research and development activi- ties, rail served sites for light to heavy industry, and sites with highway frontage for image conscious businesses and industries. The park offers deed restrictions to protect the investment of property owners, yet allows for flexibility to encourage a broad range of development possibilities. A 20 acre recreational park is planned within the 610 acre tract to provide ample facilities for park tenants. Financing for business and industry locating in the park is readily available through aggressive local banks and innovative state financing programs. The Bryan Development Foundation will assist retail and com- mercial establishments in theirspecial needs, as well as manufac- turing entities. A professionally trained staff stands readyto make your location decision an easy one. For additional Information, contact: Edwin F. G. Latta, Execu- tive Director, Bryan Development Foundation, Inc., 3833 Texas Avenue, Suite 416, Bryan, TX 77802, Telephone (409) 260 -9615. ` G N S LL BRYAN INDUSTRIAL PARK S t:� 1 1115, tt�d AXIV SIZE 470 acres LOCATION Bryan, Texas (FM 2818, West Loop) UTILITIES Sewer, Water, Gas, Electricity with excess capacities RAIL Available on some sites In 1970, the Bryan -College Station community had industrial em- ployment opportunities for about 5% of our work force. Even though Bryan - College Station is the fastest growing SMSA in Texas and the 6th fastest growing SMSA in the nation, our work force has grown even faster. There are 29 plants in the Brazos County Industrial Park, which have the capacity to provide 2000 jobs and room to expand as economic conditions dictate. A va- riety of job opportunities exist in the Brazos County Industrial Park in printing, construction, injection molding, petroleum related, oilfield tubing, services, machine shops, industrial tools, distributing, and warehousing. From this success story, there have been three other industrial entities developed within Brazos County to better equip our com- munity to serve industry. The Brazos County Industrial Foundation began industrial development seriously in 1970 and has since developed 420 acres of the original 470 acres. We have learned how to work with industry and meet their needs, as evidenced by the rapid devel- opment in the Brazos County Industrial Park. Experience gained in this development by local community leadership is now being used by the other industrial parks in Brazos County that have quality sites available for any type of prospect. The sole purpose of the Brazos County Industrial Foundation is to create jobs. By having sites immediately available for industrial prospects, the community and industry benefits. The Brazos County Industrial Park has established deed restric- tions and development standards of a practical nature which benefits industry and is much appreciated by them. For additional information, contact: Pat Mann, Brazos County Industrial Foundation, Post Office Box 726, Bryan, TX 77806, Telephone (409) 779 -2278. BRAZOS , COUNTY INDUSTRIAL PARK „ 77m patb ” SIZE 2,300 acres LOCATION 5 miles from Texas A &M University on Hwy. 6 South (1 mile of highway frontage) UTILITIES Sewer, Water, Gas, Electrical RAIL Not available COLLEGE STATION BUSINESS & TECH PARK COLLEGE STATION COUNTRY CLUB / GOLF COURSE COLLEGE STATION CONVENTION CENTER The College Station Economic Development Foundation and the JAC Corporation are in the process of developing Brazos County's first High Tech Park on 2,300 acres, jointly owned by the City and the private sector. This beautiful tract has excellent topography with mature mixed hardwood forests and creek bot- toms which compliment an outstanding series of planned pro- jects. A long process of physical planning, conceptual planning and market study will be brought to fruition over the next several years to compliment Texas A &M University's research develop- ment program and the high tech growth projected over the next several years. Approximately 700 acres of premium high perfor- mance, high technology, oriented business sites will be available. The phased development plans include an 18 -hole golf course, country club, and destination resort hotel, convention center, and over 400 residential sites and the "Parks" office center. All these projects will be architecturally controlled, have water, sewer and all municipal utilities, urban street construction and developed parks. For additional Information, contact: D. H. Goehring, 1300 Jer- sey, College Station, TX 77840, Telephone (409) 764 -3723. "THE PARKS" - rew_049ilf utuit, 3Zjeawjl Axtk SIZE 318 acres LOCATION On West Campus of Texas A &M University at Intersection of FM 2818 and FM 60 (adjacent to Easterwood Airport) UTILITIES All utilities are In place RAIL Not available The Texas A &M University Research Park is on a 318 acre site on the campus. An additional contiguous 75 acres are available for expansion. The University is building the Park infrastructure, including streets and utilities. Sites in the Research Park are being leased on a long -term basis at attractive rates. It is expected that Park occupants will make payments in lieu of taxes to local government entities, and the tax rate structure of both Brazos County and the City of College Station is quite favorable. Excellent fire protection, security and other municipal services are readily available. Texas A &M leads the state in funded research (more than $100 million annually), accounting for 41 percent of all such expendi- tures by Texas public institutions. The establishment of this Park is another positive step in the evolution of Texas A &M as the leading research center in the South and Southwest. The Univer- sity has selected the location on the main campus to encourage close professional working relationships among the occupants of the Park and the research faculty and staff. Professional em- ployees of tenants in the Park will have privileges which adjunct professors enjoy. It is expected that research units will be established that are compatible with University interests and which will draw upon the traditional strengths of the University in engineering, science, geosciences, and agriculture as well as the University's emerging prominence and visibility in business administration, medicine, veterinary science and the liberal arts. For additional Information, contact: Dr. Mark L. Money, Vice Chancellor for Research Park and Corporate Relations, Texas A &M University Research Park, 201 Teague Building, Texas A &M University Campus, College Station, TX 77843, Telephone (409) 845 -7275. TEXAS A &M UNIVER: RESEARCH PARK � EASTERWOOD AIRPORT BRYAN - COLLEGE STATION, TEXAS al 'I 11L SANTA FE 734 _ . AMARILLO 517 CITY LITTLE ROCK 421 SH AUSTIN 104 CoIIege Station Industrial Development Foundation 2615 Texas Avenue South College Station, Texas 77840 ( 713) 696 -8989 OFFICERS D. H. GOEHRING President LOWELL F. DENTON Sec. /City Attorney WILLIAM F. PHILLIPS, JR. Treasurer BOARD OF DIRECTORS STEPHEN L. BAKER Pres. -Commerce Nat'l BILL J. COOLEY County Commissioner W. D. FITCH Developer D. H. GOEHRING President /CSIDF GARY HALTER Mayor - College Station J. B. HERVEY Pres. - Community S & L PHYLLIS HOBSON Home Finders Realty JOHN R. HUGHEY Pres. - O. I. Corp. TONY JONES General Contractor ROY M. KELLY A -t Auto Parts WILLIAM F. PHILLIPS, JR. Pres. - Homestead S & L W. ARTHUR "Skip" PORTER Director - TEES JOE R. SAWYER Pres. - University Nat'l JIM E. SCAMARDO, Pres. College Station Bank J. P. WATSON Watson Hardware May 18, 1981 Mr. D. A. Anderson Texas Forest Service Information & Education Department _•- College Station, Texas 77843 Dear Andy: In line with our conversation the other day, let me take this opportunity to express our sincere appreciation to you for joining our College Station Industrial Development Foundation Board. Your wisdom and leadership will be a genuine asset to all of us. I think that College Station is now on the go thanks to some fundamental leadership exhibited by you a few years ago as Mayor. Our next Board meeting will be Thursday, May 21, 1981 at 12 Noon at City Hall, Conference Room A. I hope that you will be able to join us. Sincerely, COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION Dennis H. Goehring DHG:gfb COLLEGE STATION INDUSTRIAL FOUNDATION College Station, Texas 4/10/81 - 5/20/81 RECEIPTS City of College Memberships Special Donations Inrerest TOTAL RECEIPTS XP ENSES Salaries Employee Insurance Office Building & Improvements Furniture, Fixtures & Equipment Office Supplies Telephone Postage Insurance Subscriptions Misc. TOTAL EXPENSES 4LANCE Current Month $ -0- 200.00 1,000.00 -0- $1,920.00 -0- !0Z 109.95 -0- 100.48 -0- -0- -0- 100.00 W BALANCES Checking Account - Bank of A &M Passbook Savings - Bank of A &M Certificate of Deposit - Bank of A &M Total $1,200.00 $2,231.38 ($ 1,031.38 ) $1,522.76 18,738.55 15,0 00.00 OF, 9r'i - �i Year To Date $50,775.48 4,100.00 1,000.00 $ 9,604.75 88.17 9,126.65 1,067.47 189.57 489.11 15.00 74.00 63.00 135.00 $56,114.03 $2 0,852.72 �� 9r1i Qi AGENDA 1. Call meeting to order. 2. Read minutes. 3. Financial Report. 4. Industrial Park - Land Acquisition G h Aff X r a. 1300 acres b. Bob Spearman, General Discussion c. Terms, conditions, financing - $10,000.00 escrow d. Note - $1,297,650.00 X 13.22 constant 171,549.00 Annual carry e. Blaster Plan f. Bill Cooley, County Road g. Announcement 5. Approval of industrial tour with East Texas Chamber of Commerce. 6. Almanac advertisement - Bryan - College Station Chamber of Commerce. 7. General Business - $11,000.00 fund drive - Westinghouse. 8. 5:30 - Cocktail party DHG's home. College Station Industrial Development Foundation 2615 Texas Avenue South College Station, Texas 77840 ( 713) 696 -8989 OFFICERS D. H. GOEHRING President LO.WELL F. DENTON Sec. /City Attorney WILLIAM F. PHILLIPS, JR. Treasurer BOARD OF DIRECTORS STEPHEN L. BAKER Pres. -Commerce Nat'l BILL J. COOLEY . County Commissioner W. D. FITCH August 6, 1981 Developer D. H. GOEHRING President /CSIDF TO THE DIRECTORS OF THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION GARY HALTER Mayor - College Station J. B. HERVEY Gentlemen: Pres. - Community S & L PHYLLIS HOBSON The College Station Industrial Development Foundation will hold its Home Finders Realty regular monthly meeting for the month of August on Thursday, August 20, 1981 at 12:00 o'clock Noon at the College Station City Hall, in Conference JOHN R. HUGHEY Room A. Pres. - 0.1. Corp. TONY JONES Please make arrangements to attend. General Contractor ROY M. KELLY A -1 Auto Parts WILLIAM F. PHILLIPS, JR. Pres. -Homestead S & L W. ARTHUR "Skip" PORTER Director - TEES JO R. SAWYER Pres. - University Nat'l -JIM E. SCAMARDO, Pres. LFD: gfb College Station Bank J. P. WATSON Watson Hardware Sincerely, 1. Lowe!I F. Denton Secretary CoIIege Station Industrial Development Foundation 2615 Texas Avenue South College Station, Texas 77840 ( 713) 696 -8989 OFFICERS D. H. GOEHRING President LOWELL F. DENTON Sec. /City Attorney WILLIAM F. PHILLIPS, JR. Treasurer BOARD OF DIRECTORS STEPHEN L. BAKER Pres. - Commerce Nat'l BILL J. COOLEY County Commissioner W. D. FITCH Developer D. H. GOEHRING President /CS1DF GARY HALTER Mayor - College Station J. B. HERVEY Pres. - Community S & L PHYLLIS HOBSON Home Finders Realty L July 30, 1981 TO THE MEMBERS OF THE COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION: I am enclosing for your study and review a proposed work program as submitted by Snyder & VJyse along with a proposed project budget and schedule for completion. Al Mayo, Elrey Ash and myself are studying the proposal to determine if we can trim the $108,000.06 price tag. The CSIDF will not bear the full cost in view of our participation with the City__ and Bob Spearman. I think the initial master planning of this project is extremely important for us to maximize our fullest potential. JOHN R.HUGHEY I do think that we are on the right tract with reference to Pres. - O. I. Corp. research and development in line with Bum Bright 's comments last Monday. I will be in touch as soon as we get our final TONY JONES cost data. General Contractor ROY M. KELLY Sincerely, A -1 Auto Parts WILLIAM F. PHILLIPS, JR. COLLEGE STATION INDUSTRIAL Pres. - Homestead S & L DEVELOPMENT FOUNDATION W. ARTHUR "Skip" PORTER Director - TEES JOE R. SAWYER Pres. - University Nat'l JIM E. SCAMARDO. Pres. Dennis H. Goehring College Station Bank President J. P. WATSON Watson Hardware DII t1 G : g f b COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION PROPOSED WORK PROGRAM I. BASE MAPPING Development of necessary base maw sign purposes, including � A ping for planning and de- existing features at a scalepof�i "b3001, topographi�cmmapr of property from USGS data at a scale of 1" =300', and an overall area map showing the property in relation to the City at a scale of 1 "= 2000 . 2. SITE ANALYSIS Analysis of the effect of existing physical features on the development of the site, including topography, flood plains, drainage, vegetation, soils and geology, ease- ments, drilling sites, and visual characteristics. 3. EXTERNAL COORDINATION Coordination of physical facilities and public require- ments affecting development of the property, including areawide planning, provision of municipal and other util- ities, access from State and County roads, school district siting policies, City developer policies, annexation pos- sibilities, and zoning requirements. 4. DEMAND STUDY Formulation of estimates of the demand for industrial, I commercial, residential, recreational, educational, and municipal uses of the property based on the anticipated w future economy, population projections, accepted develop- ment standards, trends in the development of such uses, c and recognized needs of the City. H r y PRELIMINARY PLANS Q a� H Presentation of preliminary y planning concepts and criteria, including land use locations, relationships, circulation, use areas, general utilities and drainage, open space and aesthetics, and plan alternatives for review and decision- E co making in optimizing property allocations to owners involved. co h C1 w V O h Q O b c d 3 6. PLAN DEVELOPMENT Refinement of use plan and further detailed study and •� ro layout of areas recommended for industrial uses, offices, y shopping, single and multi - family residential, schools and parks, recreational facilities, ti sanitary landfill, and other identif golf course, cemetary, ied uses. a 7. PRLEIMINARY ENGINEERING Preliminary studies to determine amounts of usable land, 3 drainage areas, utilities layout, streets and bridges, requirements for construction, design standards, and for- 3 mulation of preliminary cost estimates for development. 8. IMPACT ANALYSIS 91 10. 11. Investigation of the effects and impacts of the proposed project on the overall development of the City, including identification of secondary costs associated with the project, generation of public revenues, employment poten- tials, population growth, and secondary or multiplier effects on the economy. IMPLEMENTATION PROGRAM Recommended procedure for actual development of the pro- perty, including time - phasing of development, coordination with adjacent properties, preparation of development con- trols or deed restrictions, possible involvement of de- velopment manager, and programming of platting, engineer- ing, and construction procedures. MARKETING STRATEGY Formulation of strategies and programs toward an approach I to the marketing of the overall development, including c projected pro forma of costs and revenues, determination of sales prices, development of project identity, prepara- o tion of image and graphics, approaches to advertising, preparation of publicity releases, and development of Q ,sales contacts. REVIEW MEETINGS Periodic meetings with the owner to present the findings and recommendations of the planning study, and to provide opportunities for feedback on the needs and desires of the owners involved. �? 12. PUBLICATIONS y Publication of a final report with the narrative, maps, graphics, and other information necessary to adequately present the overall development plan for the property, " and preparation of a brief promotional type brochure depicting the proposed development. v r y SUMMARY OF RESULTS 3 The major results anticipated to be provided by the proposed R work program for the project are summ arized as follows: 3 ° Mapping of the property and the surrounding area. ° An analysis of the physical features affecting development of the site. ° Coordination of those external physical and govern- mental factors influencing the development. ° Estimates of the future demand for various uses of the property. ° Alternative plans examining preliminary approaches to development of the property. ° Detailed plans for the final uses decided for the Proposed development. ° Preliminary layout and cost estimates utilities and facilities. for streets, ° An analysis of the anticipated impacts of the devel- opment on the overall economy of the area. ° A program for actual implementation of the development y ro over time. ° A strategy and approach to marketing of`the proposed project. o y y ° A series of meetings for owners review and inputs. ° Publications documenting the plans for with the project, J promotional materials. E ro INDUSTRIAL C PROPOSED PROJECT BUDGET r WORK MAN ACTIVITIES HOURS PROPOSED COSTS 1•, BASE MAPPING a. Boundary Map b. USGS Topo Map 8 hrs. $ 250 C. Area Map 25 630 2 — 0 --_ 520 Sub -Total 55 hrs. $ 1,400 2. SITE ANALYSIS a. Topography b. Flood Plains & Drainage 32 hrs. $ 750 c. Vegetation 1,000 d. Soils & Geology 40 48 1,275 e. Easements & Drilling 4 1,555 f. Visual Characteristics 40 1,525 --- — 1,275 Sub -Total 232 hrs. $ 7,380 3. EXTERNAL COORDINATION a. Area Planning b. Utilities Extension hrs. $ 850 c. County Coordination 5 52 2 24 2,000 d. School District 2 1,020 e. Developer Policies 76 6 750 �— f. Annexation Process 28 600 g. Zoning Requirements 1 -- 98 0 ---- -- 450 Sub -Total 172 hrs. $ 6,650 r4. DEMAND STUDY' a. Future Economy b. Population Projections 58 hrs. $ 2,465 c. Development Standards d. Development Trends 16 48 680 2,040 e. Areawide Needs 32 28 1,360 — 1,195 Sub -Total 182 hrs. $ 7,740 y a� 0 0 to y to Q a� 3 ..i Q a co y Q w Q 0 h LO Q b c 3 as 3 WORK ACTIVITIES MAN PROPOSED HOURS COSTS 5. PRELIMINARY PLANS a. ConcQpts & Criteria b. Land Use Areas 16 hrs. $ 680 C. Use Relationships 20 1 850 d. Circulation System 36 680 e. Utilities & Drainage 4 1,530 f. Open Space & Aesthetics T6 1,785 g. Plan Alternatives 54 .680 -__ Sub -Total 200 hrs. $ 8,500 6- PLAN DEVELOPMENT µ a. Technical & Industrial b. Offices 106 hrs. $ 4,505 & Shopping "e: 20 y Residential Areas 136 850 School Sites .4 20 5, 780- ° = e. Parks & Recreation 'f 20 850 Golf Course -a 64 850 g Municipal Uses;;. 48 2,720- h. Other Uses 16 2,040 705 Sub -Total 430 hrs. $18,300 7. PRELIMINARY ENGINEERING a. Usable Land b. Drainage Areas 16 hrs. $ 680 C. Utilities Layout 36 54 1,530 d. Streets & Bridges 48 2,295 e. Construction Requirements 20 2,040 f. Design Standards 32 850 g. Cost Estimates 64 1,385 2,720 Sub -Total 270 hrs. $11,500 8. IMPACT ANALYSIS ` a. Secondary Costs b. Revenue Generation 52 hrs. $ 2,210 c. Employment Potential 45 32 1,910 d. Population Growth 20 1,360 e. Multiplier Effects 36 850 —�_ 1__ _,500 Sub -Total 185 hrs. $ 7,83 y as w U O y h Q m 0 3 � �i a a CZ CU h O Sa . 0 y 0 Q a F1 d 3 10. MARKETING STRATEGY a. b. WORK ACTIVITIES MAN PROPOSED C. Project Identity HOURS COSTS 9. IMPLEMENTATION PROGRAM Image & Graphics 72 a. b. Phas4ng Plan Adjacent Properties 42 hrs. $ 1,780 c. Development Controls 20 850 d. Development Manager 24 2,040 e. Programming & Procedures 36 1,000 64 8 --- 1,530 $17,000 Sub -Total 170 hrs. $ 7,200 10. MARKETING STRATEGY a. b. Costs Pro Forma Sales Prices 60 hrs. $ 2,550 C. Project Identity 24 36 1,020 d. Image & Graphics 72 1,620 e. Advertising Program 112 3,600 f. Publicity Releases 1 5,630 g. Sales Contacts 40 680 $ 1,190 c. Report Publication 64 8 Sub -Total 360 hrs. $17,000 11. REVIEW SESSIONS a. b. Progress Review Public Meetings 64 hrs. $ 3,400 12 -- ---. 600. Sub -Total 76 hrs. $ 4,000 12. PUBLICATIONS 3, a. b. Draft Reports Report Preparation 40 hrs. $ 1,190 c. Report Publication 64 8 1,920 d. Brochure Preparation 8 48 e. Brochure Printing 1 1,440 ,440 ----- 3,175 Sub -Total 168 hrs. $10,500 TOTAL ESTIMATED BUDGET 2,500 hrs. $108,000 co a� w 0 h G1 Q a c 3 a� c y 41 . 0 to co .Q d y J Q1 COLLEGE STATION INDUSTRIAL DEVELOPMENT FOUNDATION SCHEDULE FOR COMPLETION 1. BASE MAPPING 2. SITE ANALYSIS 3. EXTERNAL COORDINATION 4. DEMAND STUDY 5. PRELIMINARY PLANS 6. PLAN DEVELOPMENT 7. PRELIMINARY ENGINEERING 8. IMPACT ANALYSIS 9. IMPLEMENTATION PROGRAM 10. MARKETING STRATEGY 11. REVIEW SESSIONS 12. PUBLICATIONS August, 1981 September, 1981 October, 1981 October, 1981 November, 1981 January, 1982 February, 1982 March, 1982 March, 1982 April, 1982 Periodically May, 1982 c y O V O y co Q ti O a 3 a� y O R O ti to Q co H v O O I. PRESENT 2. Point Covered: a) Total Planning re pro essional planners used? - Inside the firm - Outside planners employed b) It9arketing Ap p — roach - National Real Estate - Inside firm contacts - Assist in sales National Coverage -i.e. means of promotion C) Base Study go /no --go approach Evaluation of data & report d) Land Use 1 Utilizing market study - Target types of industry we want -What kind of industries can come? - Housing 2) Economic Analysis - Development financing -Cash flow projection - Proforma - Cost /pricing mechanism e) Engineering f) Political National State - Year 2000 plan TAMU local Are they people we know Do they know us A &M Graduates g) Are the sensitiv to our needs 1 Our total goals — &o bi ec t i ve s 2) Will they go the last mile to make this the best park in the state h) GUT FE ELING:; M E M O R A N D U M To: Board of Directors; College Station Industrial Development Foundation From Dennis H. Goehring Subject Schedule of Meetings with Planners Date October 19, 1981 October 21 Synder Wyse --3:00 p.m. City Hall October 22 Benard Johnson 3:00 p.m. City Hall October 28 Austin Company 3:00 p.m. City Hall October 29 Lockwood, Andrews, & Newnam 3:00 p.m. City Hall November 3 3- D International 3:00 p.m. City Hall Bovay To Be Scheduled; � '30 November 4, 1981 p.m. City Hall BUSINESS 'College Station Industrial Foundation' seeks master plan for park development By STEVE LEE Business Writer The College Station Industrial Founda- tion is seeking out a firm to develop a master plan for a planned 1,266 -acre in- dustrial park south of the city - at a cost estimated in "six figures." Dennis Goehring, president of the foun- dation, told a gathering of Bryan- College Station Home Builders Association members Tuesday night that with a master plan, industrial park preliminary construc- tion could begin within 10 months. However, he says it may take seven or eight months to come up with the master plan. In the meantime, foundation members are making contacts to recruit "high technology" firms to locate in the park, designed to combine features similar to The Woodlands in Montgomery County and California's Silicon Valley. "The master plan will do more to get us rolling (on park development)," Goehring said. He declined to give an estimate of the master plan's cost, other than saying it would range into six figures. He said that cost is still being negotiated. The foundation will be "very selective" in its corporate recruitment policies, Goehring said. "(The companies) have to complement the community and Texas A &M Universi- ty," he said. "We're going to go out and see what other universities are doing, like Stanford and Princeton. We're going to go to The Woodlands and Las Colinas (to gather ideas). We not only want the best in Texas, but hell, the best in the Southwest." Goehring said the area will be developed as a three -way joint venture by the founda- tion, developer R. F. "Bob" Spearman and the city of College Station. The three should bear the pro -rata cost of the master plan, Spearman said. It was Spearman who acquired the pro- perty and then sold it to the city for $1.58 million — the same cost he incurred. He will develop housing on property adjacent to the industrial park. Goehring said that should play a major.role in attracting in- dustry. "(We can tell them) we have a residential section included right in the park," Goehr- ing said. He said Spearman will also handle some commercial development, possibly including "shopping centers or hotels." The foundation will be concerned with attracting high technology, research and development, some light manufacturing (non - polluting), and construction of an of- fice park system and distribution and warehouse centers. Goehring said there appears to be many companies across the nation looking to ex- pand their operations by making a move to areas like College Station. And, he said there are more than 100 different "en- tities" involved in research programs with Texas A &M. "With that kind of base, we really have an opportunity to develop research and development that is beyond our current thinking," he said. The city will be faced with the task of providing services for the park — assumin€ it will soon annex the property, located about two miles south of the city limits and between Highway 6 and Rock Prairie Road. A portion of the property is in the ci- ty's extra - territorial jurisdiction, which means it can be annexed. The development is expected to include a water treatment plant and a landfill, but may also include a municipal golf course, lakes, jogging trails, bicycle paths and an equestrian center. Noting that the cost of living is higher in other parts of the country, Goehring said the park should be able to compete favorably with other parks in attracting firms. He said being located 100 miles "out into the country" from Houston is no longer considered a disadvantage by com- panies who have to take into account cost of living and community atmosphere before making a move. He said there are still some disad- vantages, however. For instance, he said local airport facilities need to be expanded to a regional - type format. There is no major freeway in the area, although the property would front 6,000 feet of Highway 6. And, there may be a "major problem" with financing just the housing end of the development alone. — Goehring estimated that $30 million may need to be generated to support start -up costs for suffi- ent housing. fe�k- t1WIQ I roundation to sign contracts By DAVID CRISP Staff Writer The College Station Industrial Development Foundation is on the verge of signing contracts with two Houston firms for planning the development of a 1,266 -acre tract own- ed by the city. City Attorney Lowell Denton, who also is secretary of the foundation, said the foundation anticipates no problems in negotiating terms of the contracts with engineering consultants Turner, Collie and Braden and the SWA Associates planning firm. The firms will develop preliminary plans for the site on an "as authoriz- ed" basis, Denton-said. The firms will contract for parts of the planning work instead of receiving a lump -sum pay- ment for the entire project. Preliminary work will include studies of the topography, soil types and drainage patterns of the property. The foundation hopes to recruit "high technology firms" to locate on the land which is located about two miles south of the city between Highway 6 and Rock Prairie Road. Foundation president Dennis Goehr - ing has estimated the cost of develop - ing a master plan for the entire tract to be "in six figures." The contracts with the consulting firms are expected to be signed this month. Denton said the City of College Sta- tion also will soon agree on a contract with the foundation to h dle develop- , CT� ment of the surplus acreage on the tract. About 450 acres of the city -owned tract are planned to be used for municipal facilities, including a new southside sewage .treatment plant, a landfill and recreational uses. The city in effect got those acres at no cost, Denton said, "because the li- quidation of the surplus will pay for the property." The city, by owning the entire tract, may also control develop- ment around its facilities to a much greater extent than if it merely annexed and zoned the area, he said.